Oil & Gas Construction & Project Insurance Training Course

Course Overview

Learning Objectives

• Analyze the principal insurance risks associated with oil and gas construction and infrastructure projects.
• Assess project exposures arising from engineering, procurement, construction, installation, testing, commissioning, and start-up activities.
• Evaluate construction all risks and erection all risks insurance requirements for complex energy projects.
• Assess delay in start-up and advanced loss of profits exposures arising from insured physical damage and project delays.
• Analyze contractual insurance requirements and the allocation of risk among owners, contractors, subcontractors, suppliers, and other project parties.
• Evaluate project values, contract values, replacement costs, equipment values, and potential loss scenarios for insurance purposes.
• Interpret project insurance policy structures, including limits, deductibles, exclusions, warranties, extensions, and special conditions.
• Assess marine cargo, transportation, storage, third-party liability, and environmental exposures associated with oil and gas projects.
• Evaluate construction site controls, contractor risk management, HSE systems, quality controls, and loss prevention measures.
• Analyze project delay, critical path, commissioning, and business interruption exposures from an insurance perspective.
• Develop practical insurance and risk transfer strategies aligned with project objectives, contractual requirements, and organizational risk appetite.
• Prepare an integrated insurance and risk assessment framework for major oil and gas construction projects.

Who Should Attend

Learning Outcomes

• By the end of this course, participants will be able to:
• Explain the principles and structures of insurance for oil and gas construction and infrastructure projects.
• Identify major insurance exposures across engineering, procurement, construction, installation, testing, commissioning, and start-up phases.
• Assess the suitability of construction all risks and erection all risks coverage for different project scenarios.
• Evaluate delay in start-up and advanced loss of profits exposures arising from project losses and delays.
• Review project insurance requirements within EPC contracts and other project agreements.
• Identify the insurance responsibilities of owners, contractors, subcontractors, suppliers, and other project participants.
• Assess project values, insured values, contract values, and potential physical and financial loss scenarios.
• Review insurance policies and identify important limits, deductibles, exclusions, warranties, extensions, and conditions.
• Evaluate marine cargo, transportation, storage, third-party liability, and environmental risks associated with project execution.
• Assess the effectiveness of project HSE systems, contractor controls, quality management, inspection, and loss prevention measures.
• Analyze project delay and critical path exposures and their potential impact on insurance claims and project economics.
• Develop an integrated project insurance strategy covering risk assessment, coverage requirements, contractual allocation, claims preparedness, and risk improvement.

Course Outline